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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:02 EDTGRVY, NDAQGravity receives Nasdaq staff deficiency letter
Gravity (GRVY) announced that the company received a letter from the NASDAQ (NDAQ) indicating that the company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares had closed for 30 consecutive business days below $1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days, or until November 24, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, the bid price of the company's ADS closes at $1.00 or more per share for a minimum of 10 consecutive business days. Nasdaq Letter has no effect at this time on the listing of the company's ADS on the Nasdaq Stock Market. The Company's ADS will continue to trade on the Nasdaq Global Market under the symbol "GRVY." Gravity will monitor the bid price for its ADS between now and November 24, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
News For GRVY;NDAQ From The Last 14 Days
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February 2, 2016
07:20 EDTNDAQSEC Equity Market Structure Advisory Committee to hold a meeting
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January 28, 2016
07:07 EDTNDAQNasdaq reports Q4 EPS 89c, consensus 89c
Reports Q4 revenue $536M, consensus $530.16M. The company initiated 2016 non-GAAP operating expense guidance of $1.11B-$1.16B
07:04 EDTNDAQNasdaq CFO Lee Shavel to retire
Nasdaq announced that Lee Shavel, CFO and EVP, Corporate Strategy will retire, effective March 31. Shavel has accepted a position to join the board of a public company. Ron Hassen, SVP and Corporate Controller, Nasdaq, will serve as interim CFO, as the company conducts an active search to fill the role. Hassen has been with Nasdaq for nearly 15 years and previously served as interim CFO.
January 27, 2016
08:32 EDTNDAQIteris moves to NASDAQ
Iteris (ITI) announced that it has met the listing criteria for the NASDAQ (NDAQ) Capital Market and will move its listing from NYSE MKT to the NASDAQ Capital Market, effective with the start of trading on February 8, 2016. Iteris will continue to trade under its existing ticker symbol "ITI". Iteris common stock will trade on the NYSE MKT until the market close on February 5, 2016.

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